GOPRO JOB SLASH…
Camera maker GoPro announced a 145 person layoff, roughly 23 percent of its global headcount, on Tuesday, as part of a company-wide restructuring plan to cut operating costs and increase operating leverage.
The layoffs will begin this quarter and are expected to finish by the end of 2026.
The San Mateo-based company said one-time termination benefits to laid-off employees will cost it $11.5 million to $15.5 million—around $1.5 million in the second quarter, $5.5 million to $8.5 million in the third quarter, and $4.5 million to $5.5 million in the third quarter.
GoPro is slashing 145 jobs — roughly 23% of its global workforce — as the once-hot camera maker scrambles to cut costs and steady a business battered by years of decline. The San Mateo company says the restructuring will run through 2026, but the pain is immediate: stock sank to 74 cents a share after the announcement, down nearly 94% from five years ago, while revenue fell 21.5% for the year and EBITDA has stayed negative for three straight years. With tariffs, layoffs, and a fresh product push all colliding at once, GoPro is fighting to prove it still has a future.
Subscribe
Today’s Birthday
-
Chester Burton "Chet" Atkins, Mister Guitar (1924)June 20, 2026
Atkins got his first guitar by making a trade with his brother, and it was arguably the best deal he ever made. Although he struggled with shyness and suffered from severe asthma—he had to sleep sitting up and often fell asleep still holding his guitar—he became an accomplished guitarist and went on to release several hit records, develop a signature line of guitars, and help create country music's "Nashville sound." What did "Mr. Guitar," as he came to be known, trade to get that first guitar?
Atkins got his first guitar by making a trade with his brother, and it was arguably the best deal he ever made. Although he struggled with shyness and suffered from severe asthma—he had to sleep sitting up and often fell asleep still holding his guitar—he became an accomplished guitarist and went on to release several hit records, develop a signature line of guitars, and help create country music's "Nashville sound." What did "Mr. Guitar," as he came to be known, trade to get that first guitar?Today’s Holiday
-
West Virginia DayJune 20, 2026
West Virginia Day is a state holiday in West Virginia to celebrate its joining the Union in 1863 as the 35th state. The creation of the state was a result of the Civil War. The settlers of western Virginia defied the state's vote to secede from the Union, and on June 20 West Virginia formally entered the Union as an anti-slave state. The day is marked with ceremonies at the state capitol in Charleston and at the West Virginia Independence Hall in Wheeling. It was there that the conventions were held to declare West Virginia's independence from Virginia.
West Virginia Day is a state holiday in ARTICLE OF THE DAY
-
Black TeaJune 20, 2026
Excluding water, tea is the most widely consumed drink on the planet, drunk either hot or cold by half the world's population. The vast majority of tea sold in the West is black tea, made from fermented leaves of the Camellia sinensis plant. Generally stronger in flavor and more caffeinated than the green and oolong varieties, black tea retains its flavor for several years and has long been an article of trade, serving as a form of currency into the 19th century in what countries?
Excluding water, tea is the most widely consumed drink on the planet, drunk either hot or cold by half the world's population. The vast majority of tea sold in the West is black tea, made from fermented leaves of the Camellia sinensis plant. Generally stronger in flavor and more caffeinated than the green and oolong varieties, black tea retains its flavor for several years and has long been an article of trade, serving as a form of currency into the 19th century in what countries?
Leave a Reply
You must be logged in to post a comment.